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Side-by-side financial comparison of IonQ, Inc. (IONQ) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $61.9M, roughly 21.4× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 12.7%, a 1205.1% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-83.3M). Over the past eight quarters, IonQ, Inc.'s revenue compounded faster (185.7% CAGR vs -4.3%).
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
Open Text Corporation is a global software company that develops and sells information management software.
IONQ vs OTEX — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $1.3B |
| Net Profit | $753.7M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | -369.4% | 22.0% |
| Net Margin | 1217.8% | 12.7% |
| Revenue YoY | 428.5% | -0.6% |
| Net Profit YoY | 473.1% | -26.9% |
| EPS (diluted) | $2.60 | $0.66 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $61.9M | $1.3B | ||
| Q3 25 | $39.9M | $1.3B | ||
| Q2 25 | $20.7M | $1.3B | ||
| Q1 25 | $7.6M | $1.3B | ||
| Q4 24 | $11.7M | $1.3B | ||
| Q3 24 | $12.4M | $1.3B | ||
| Q2 24 | $11.4M | $1.4B | ||
| Q1 24 | $7.6M | $1.4B |
| Q4 25 | $753.7M | $168.1M | ||
| Q3 25 | $-1.1B | $146.6M | ||
| Q2 25 | $-176.8M | $28.8M | ||
| Q1 25 | $-32.3M | $92.8M | ||
| Q4 24 | $-202.0M | $229.9M | ||
| Q3 24 | $-52.5M | $84.4M | ||
| Q2 24 | $-37.6M | $248.2M | ||
| Q1 24 | $-39.6M | $98.3M |
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | -369.4% | 22.0% | ||
| Q3 25 | -423.5% | 21.0% | ||
| Q2 25 | -776.0% | 13.9% | ||
| Q1 25 | -1000.3% | 16.7% | ||
| Q4 24 | -661.9% | 22.2% | ||
| Q3 24 | -428.5% | 16.3% | ||
| Q2 24 | -430.0% | 14.2% | ||
| Q1 24 | -697.4% | 15.7% |
| Q4 25 | 1217.8% | 12.7% | ||
| Q3 25 | -2646.3% | 11.4% | ||
| Q2 25 | -854.5% | 2.2% | ||
| Q1 25 | -426.3% | 7.4% | ||
| Q4 24 | -1725.0% | 17.2% | ||
| Q3 24 | -423.4% | 6.6% | ||
| Q2 24 | -330.0% | 18.2% | ||
| Q1 24 | -522.2% | 6.8% |
| Q4 25 | $2.60 | $0.66 | ||
| Q3 25 | $-3.58 | $0.58 | ||
| Q2 25 | $-0.70 | $0.11 | ||
| Q1 25 | $-0.14 | $0.35 | ||
| Q4 24 | $-0.95 | $0.87 | ||
| Q3 24 | $-0.24 | $0.32 | ||
| Q2 24 | $-0.18 | $0.91 | ||
| Q1 24 | $-0.19 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4B | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $3.8B | $4.0B |
| Total Assets | $6.6B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $546.9M | $1.2B | ||
| Q1 25 | $588.3M | $1.3B | ||
| Q4 24 | $340.3M | $1.1B | ||
| Q3 24 | $365.7M | $1.0B | ||
| Q2 24 | $369.8M | $1.3B | ||
| Q1 24 | $375.4M | $1.1B |
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $3.8B | $4.0B | ||
| Q3 25 | $2.3B | $4.0B | ||
| Q2 25 | $1.2B | $3.9B | ||
| Q1 25 | $765.0M | $4.1B | ||
| Q4 24 | $383.9M | $4.2B | ||
| Q3 24 | $435.7M | $4.1B | ||
| Q2 24 | $463.3M | $4.2B | ||
| Q1 24 | $479.8M | $4.1B |
| Q4 25 | $6.6B | $13.6B | ||
| Q3 25 | $4.3B | $13.5B | ||
| Q2 25 | $1.3B | $13.8B | ||
| Q1 25 | $850.1M | $13.8B | ||
| Q4 24 | $508.4M | $13.7B | ||
| Q3 24 | $497.9M | $13.8B | ||
| Q2 24 | $517.4M | $14.2B | ||
| Q1 24 | $543.9M | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-74.5M | $318.7M |
| Free Cash FlowOCF − Capex | $-83.3M | $279.4M |
| FCF MarginFCF / Revenue | -134.6% | 21.1% |
| Capex IntensityCapex / Revenue | 14.2% | 3.0% |
| Cash ConversionOCF / Net Profit | -0.10× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.6M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $318.7M | ||
| Q3 25 | $-123.1M | $147.8M | ||
| Q2 25 | $-52.6M | $158.2M | ||
| Q1 25 | $-33.0M | $402.2M | ||
| Q4 24 | $-39.4M | $348.0M | ||
| Q3 24 | $-19.2M | $-77.8M | ||
| Q2 24 | $-26.6M | $185.2M | ||
| Q1 24 | $-20.5M | $384.7M |
| Q4 25 | $-83.3M | $279.4M | ||
| Q3 25 | $-127.2M | $101.2M | ||
| Q2 25 | $-53.8M | $124.0M | ||
| Q1 25 | $-35.3M | $373.8M | ||
| Q4 24 | $-43.0M | $306.7M | ||
| Q3 24 | $-23.0M | $-117.1M | ||
| Q2 24 | $-34.1M | $145.2M | ||
| Q1 24 | $-23.6M | $348.2M |
| Q4 25 | -134.6% | 21.1% | ||
| Q3 25 | -319.1% | 7.9% | ||
| Q2 25 | -259.8% | 9.5% | ||
| Q1 25 | -467.0% | 29.8% | ||
| Q4 24 | -367.4% | 23.0% | ||
| Q3 24 | -185.3% | -9.2% | ||
| Q2 24 | -299.3% | 10.7% | ||
| Q1 24 | -311.3% | 24.1% |
| Q4 25 | 14.2% | 3.0% | ||
| Q3 25 | 10.4% | 3.6% | ||
| Q2 25 | 5.8% | 2.6% | ||
| Q1 25 | 30.5% | 2.3% | ||
| Q4 24 | 30.7% | 3.1% | ||
| Q3 24 | 30.4% | 3.1% | ||
| Q2 24 | 65.8% | 2.9% | ||
| Q1 24 | 41.4% | 2.5% |
| Q4 25 | -0.10× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IONQ
Segment breakdown not available.
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
